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ශ්‍රී ලංකා මූල්‍ය වංශකථාව - සිංහල
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Lionhart .... GREG.N

5 posters

Go down  Message [Page 1 of 1]

1Lionhart .... GREG.N Empty Lionhart .... GREG.N Mon Feb 25, 2013 2:22 pm

rainmaker


Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics

Boss is looking for a new position. Interesting on how he discloses so much info. Not professional Shocked

http://sg.linkedin.com/pub/david-bailey/41/869/208


Head of Asia and Senior Portfolio Manager
Lionhart Asia Pte Ltd
October 2006 – September 2012 (6 years) Singapore

• In 2012 the entire company’s AUM dropped dramatically, forcing the company to downsize and close a number of offices globally (including the Singapore office in September). In November 2012 the Investment Management Company liquidated all funds.

• In 2010, Lionhart’s Investment Management Company changed the focus of the entire company from a hedge fund to a private equity fund and I was given the responsibility of overseeing the Sri Lankan assets, which the company had started buying in 2004

• As portfolio manager, I had overall discretion of what was included in the portfolios managed by the Singapore office; as well as searching for, analysing and implementing investment opportunities myself, I also analysed the investment opportunities put forward by our investment analysts.

• As Risk Manager, I managed the risk of the portfolios dynamically from a micro level (e.g. beta and delta adjustments), as well as from a macro level (analysing the exposure to each country and to each strategy type, adding overlay hedges where appropriate). I also managed the currency exposure for these portfolios.

• The Asian fund (the performance of which can be ring-fenced) was up 33% in 2007, down 4.8% in 2008 (which put the fund in the top quintile of ALL hedge funds globally at the beginnings of the financial crisis) and relatively flat in 2009 (as a result of buying too much downside protection during the year).

2Lionhart .... GREG.N Empty Re: Lionhart .... GREG.N Mon Feb 25, 2013 3:03 pm

sriranga

sriranga
Co-Admin

Very interesting. Thanks.

http://sharemarket-srilanka.blogspot.co.uk/

3Lionhart .... GREG.N Empty Re: Lionhart .... GREG.N Mon Feb 25, 2013 3:10 pm

troy

troy
Moderator
Moderator

wow! how did u find this?

4Lionhart .... GREG.N Empty Re: Lionhart .... GREG.N Tue Feb 26, 2013 8:49 am

rainmaker


Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics

I heard that they were in a bit of trouble.
The other fund manager joined GLG - a currency hedge fund.

I was actually suprised as LH trades heavily in the UK. It is a warrant arbitrage fund ie. get sick companies to issue warrants and turn around the company before the warrants expire. By that time the top holder of the warrant will profit from the warrant conversion price < share price.

It's actually quite smart - think of SEYB trading at 8/= in early 2009. Issue warrants to buy at 8/= in 2013 and you are Razz

" the genesis of Lionhart was Asian convertible bonds and warrant arbitrage traded from London. "

I suppose something more serious has occurred in the head office.
The assets under management (AUM) has dropped by a lot.


5Lionhart .... GREG.N Empty Re: Lionhart .... GREG.N Tue Feb 26, 2013 11:37 am

Chinwi

Chinwi
Associate Director - Equity Analytics
Associate Director - Equity Analytics

...get sick companies to issue warrants and turn around the company before the warrants expire.
By that time the top holder of the warrant will profit from the warrant conversion price < share price.


හි හි !
මෙහෙත් ආවේ ඔය සෙල්ලමට තමයි.
අහෝ ඛේදයකි !. සිරිලංකාව කෙසෙල් ගසක් වූ වගයි.

මේ සෙල්ලම කල් තියා නොබියව රටට හෙළි කළ පිළිම නෙලා නැති විරුවනි ඔබට අපේ උපහාරය.
නැත්නම් දැනට ලයන් හාට් හෝ අනිත් විදේශීයයන් ළඟ හිරවී ඇති බිලියනයක් වූ වොරන්ට් කඩදාසි වලට අපේ උන් පහන් පත්තු කරනවා .

6Lionhart .... GREG.N Empty Re: Lionhart .... GREG.N Tue Feb 26, 2013 4:03 pm

rainmaker


Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics

Chinwi wrote:
...get sick companies to issue warrants and turn around the company before the warrants expire.
By that time the top holder of the warrant will profit from the warrant conversion price < share price.


හි හි !
මෙහෙත් ආවේ ඔය සෙල්ලමට තමයි.
අහෝ ඛේදයකි !. සිරිලංකාව කෙසෙල් ගසක් වූ වගයි.

මේ සෙල්ලම කල් තියා නොබියව රටට හෙළි කළ පිළිම නෙලා නැති විරුවනි ඔබට අපේ උපහාරය.
නැත්නම් දැනට ලයන් හාට් හෝ අනිත් විදේශීයයන් ළඟ හිරවී ඇති බිලියනයක් වූ වොරන්ට් කඩදාසි වලට අපේ උන් පහන් පත්තු කරනවා .

Yes sad story for warrant buyers.

7Lionhart .... GREG.N Empty Re: Lionhart .... GREG.N Tue Feb 26, 2013 5:40 pm

smallville

smallville
Associate Director - Equity Analytics
Associate Director - Equity Analytics

rainmaker wrote:
Chinwi wrote:
...get sick companies to issue warrants and turn around the company before the warrants expire.
By that time the top holder of the warrant will profit from the warrant conversion price < share price.


හි හි !
මෙහෙත් ආවේ ඔය සෙල්ලමට තමයි.
අහෝ ඛේදයකි !. සිරිලංකාව කෙසෙල් ගසක් වූ වගයි.

මේ සෙල්ලම කල් තියා නොබියව රටට හෙළි කළ පිළිම නෙලා නැති විරුවනි ඔබට අපේ උපහාරය.
නැත්නම් දැනට ලයන් හාට් හෝ අනිත් විදේශීයයන් ළඟ හිරවී ඇති බිලියනයක් වූ වොරන්ට් කඩදාසි වලට අපේ උන් පහන් පත්තු කරනවා .

Yes sad story for warrant buyers.

The irony is this has actually result in a LOSS-LOSS situation for both LH and most of our speculators.. afro

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